athenahealth, Inc (NASDAQ:ATHN) Director David Eric Robinson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $133.94, for a total value of $669,700.00. Following the completion of the sale, the director now owns 8,596 shares in the company, valued at approximately $1,151,348.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of athenahealth, Inc (ATHN) opened at $134.05 on Friday. athenahealth, Inc has a 52-week low of $95.01 and a 52-week high of $158.66. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $5,406.39, a PE ratio of 114.49, a P/E/G ratio of 3.16 and a beta of 1.58.

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athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, October 19th. The health services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. The company had revenue of $304.60 million for the quarter, compared to analyst estimates of $310.52 million. During the same quarter in the prior year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. research analysts forecast that athenahealth, Inc will post 1.22 earnings per share for the current year.

ATHN has been the topic of a number of analyst reports. Jefferies Group reduced their price target on athenahealth from $135.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, September 15th. KeyCorp reiterated a “buy” rating and issued a $170.00 price target on shares of athenahealth in a research report on Sunday, September 17th. Royal Bank of Canada initiated coverage on athenahealth in a research report on Tuesday, September 19th. They issued a “sector perform” rating and a $153.00 price target on the stock. TheStreet lowered athenahealth from a “b-” rating to a “c+” rating in a research report on Wednesday, October 11th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $167.00 price target on shares of athenahealth in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. athenahealth presently has an average rating of “Hold” and a consensus price target of $143.43.

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in athenahealth by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock worth $166,000 after acquiring an additional 84 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in athenahealth by 123.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,345 shares of the health services provider’s stock worth $189,000 after acquiring an additional 744 shares in the last quarter. ProShare Advisors LLC bought a new position in athenahealth in the second quarter worth approximately $205,000. Ameriprise Financial Inc. bought a new position in athenahealth in the second quarter worth approximately $206,000. Finally, Columbia Partners L L C Investment Management bought a new position in athenahealth in the second quarter worth approximately $216,000.

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About athenahealth

athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.